Sunday, March 8, 2009

Forex weekly scan (08-03-09)


This explorer finds divergences in the MACD histogram and the price.  Two types each of Bullish and Bearish divergences are located.

Periodicity:  Daily

Records required:  1300

Results:
Bearish - daily
$$USDCAD
$$USDSGD
$$USDMYR
$$USDKRW
$$PHPJPY
$$NOKSEK
$$HKDSGD
$$HKDMYR
$$HKDCAD
$$GBPSEK
$$AUDNZD

Bullish - daily
$$SGDHKD
$$NZDAUD
$$MYRHKD
$$JPYPHP
$$CADHKD

I pulled out one of those charts showing a bearing divergence -- $$USDSGD as shown:



The pair should be correcting soon, therefore trade in that direction using your own system.

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